My Size, Inc. (NASDAQ:MYSZ) Short Interest Up 338.9% in November

My Size, Inc. (NASDAQ:MYSZ) was the target of a significant increase in short interest during the month of November. As of November 15th, there was short interest totalling 23,700 shares, an increase of 338.9% from the October 31st total of 5,400 shares. Approximately 4.2% of the company’s shares are short sold. Based on an average daily volume of 68,100 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Investors Weigh In On My Size

An institutional investor recently bought a new position in My Size stock. Armistice Capital LLC acquired a new stake in shares of My Size, Inc. (NASDAQ:MYSZ) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 26,000 shares of the company’s stock, valued at approximately $69,000. Armistice Capital LLC owned 4.06% of My Size as of its most recent SEC filing. Institutional investors and hedge funds own 27.71% of the company’s stock.

Analyst Ratings Changes

Separately, HC Wainwright cut their price target on shares of My Size from $5.00 to $3.00 and set a “buy” rating on the stock in a report on Monday, November 18th.

My Size Stock Down 6.9 %

Shares of MYSZ stock traded down $0.10 on Wednesday, hitting $1.34. The stock had a trading volume of 69,931 shares, compared to its average volume of 61,996. The company has a quick ratio of 1.56, a current ratio of 2.49 and a debt-to-equity ratio of 0.04. My Size has a one year low of $1.06 and a one year high of $7.12. The business has a 50 day moving average price of $1.58 and a 200 day moving average price of $2.33. The company has a market cap of $1.69 million, a PE ratio of -0.19 and a beta of 0.90.

My Size Company Profile

My Size, Inc, an omnichannel e-commerce platform, provides AI-driven software as a service measurement solutions for fashion ecommerce companies in Israel, Spain, and internationally. It operates through Fashion and Equipment E-Commerce Platform, and SaaS Solutions segments. The company offers Size Form, which generates accurate measurements to find proper fitting clothes and accessories; First Look Smart Mirror, a solution for brick and mortar stores that allows customers to filter the whole physical store by their size and fit; Smart Catalogue, a solution that suggests the launch of new sizes, detects new product niches, and allows brands to adapt their assortment to their customer base; and True Feedback solution.